News

Iraq’s Oil Minister, Hayyan Abdulgani, confirmed on Tuesday that oil exports to Türkiye will resume within the next week, following a prolonged dispute between the central government and the Kurdistan…

Privately-operated terminals in China have emerged as key players in receiving oil deliveries from US-sanctioned tankers, signaling an innovative response to increasing scrutiny on the country’s crude imports from sanctioned…

In a significant move to expand the United States’ energy sector, President Donald Trump has signed two executive orders aimed at increasing fossil fuel production and export. The first establishes…

During a joint briefing with Prime Minister Narendra Modi on February 13, U.S. President Donald Trump emphasized the need for “fairness” in the bilateral trade between the United States and…

Bharat Petroleum Corporation Limited (BPCL) has secured a pivotal term contract with Petrobras, Brazil’s state-owned oil giant, for the supply of Brazilian crude oil. The agreement was formalized by Shri…

Russia’s crude oil output dropped to 8.962 million barrels per day (bpd) in January, falling short of its OPEC+ commitment by 16,000 bpd. Despite this, Russia has pledged to submit…

U.S. President Donald Trump has reactivated his administration’s “maximum pressure” campaign against Iran, with the goal of reducing the Islamic Republic’s oil exports to zero. However, Trump also expressed a…

The European Union is currently in discussions to partially suspend a number of sanctions on Syria’s energy industry, including lifting the ban on importing crude oil from the country. This…

In a significant move for the U.S. energy sector, President Donald Trump reaffirmed his commitment to Alaska’s Liquefied Natural Gas (LNG) Project, announcing a new joint venture between the United…

Pakistan plans to renegotiate its long-term liquefied natural gas (LNG) supply deal with Qatar as it seeks to reduce its energy costs in response to growing demand, according to Petroleum…

Ukraine has been forced to import natural gas from the European Union as Russian missile strikes continue to cripple the country’s energy infrastructure, diminishing its domestic supply. Sources familiar with…

Chinese researchers have pioneered a new method of monitoring offshore oil and gas platforms using the Earth science satellite SDGSAT-1, marking a significant advancement in environmental observation technology. A study…

PE Energy Limited has launched a new technology aimed at reducing gas flaring and boosting oil production in Nigeria. This technology, known as the Multi-phase Pump and System, was introduced…

A former governorship candidate of the All Progressives Congress (APC) in Rivers State, Dakuku Peterside, has expressed his opposition to the planned resumption of oil exploration in Ogoniland, describing it…

Denmark is set to increase inspections of vessels transporting Russian oil through its narrow straits in a move aimed at safeguarding environmental and maritime safety. The Danish Maritime Authority announced…

Just a month ago, headlines in the energy sector painted a picture of surplus oil supply coupled with sluggish Chinese demand. Today, the narrative has shifted dramatically, with growing discussions…

Oil prices continued their downward trend for a second consecutive day on Tuesday, with analysts linking the drop to the implications of former President Trump’s “Drill, Baby, Drill” policies on…

State-run Kuwait Oil Company (KOC) has announced a significant discovery of commercial hydrocarbon volumes at the Al-Jlaiaa offshore field, with expectations for further discoveries in the region. The estimated reserves…

In a bold statement on Monday, President Donald Trump indicated that the United States is “probably” going to cease purchasing oil from Venezuela. Speaking from the Oval Office shortly after…

The Dangote Group has confirmed an increase in the depot price of Premium Motor Spirit (PMS), following reports that its refinery raised the price of petrol from N899 to N955…